November 2, 2018 at 5:26 pm #2869
I am curious to know if any folks here have ever considered retiring to another country to live inexpensively in their senior years.
I have been researching this, and while I love where I live, the politics, taxes and cost of living are making me ponder relocation options. And I am not sure that relocating to another part of my own country is necessarily the answer. Sometimes I think my own country is so overwhelmed by cultural Marxism and non-assimilating invaders that it might be wise to have a Plan B.
I have in particular looked at Thailand and Malaysia. Many retirees are enthusiastic about Costa Rica. There seem to be quite a few countries with special visa and long-term residency programs for seniors, retirees (and even non-retirees) if they can demonstrate a consistent (rather low) monthly income.
So I am just curious to hear what other people think about this.
November 2, 2018 at 5:45 pm #2873
I have not , but I do know a woman that got disabled in a work injury , she moved to Bulgaria . Her money goes pretty far there , as its deposited in US Dollars . She likes it as its a short train ride to Italy . I knew another man that retired in Mexico , for same reasons , money goes a lot farther .
November 2, 2018 at 6:07 pm #2880
I think that when the ballon pops being in a foreign country will become unstable in a short time. Especially in Asia or Central or South America. Ex-pats will become the “invaders” and a target. But, you know what? Some of the Eastern European countries are looking good, strange as that sounds. I’m Caucasian. I like warm weather. But when it comes to the SHTF globally, I prefer to be within my own race.
November 2, 2018 at 7:17 pm #2893
I’ve been sorta thinking of Panama as a possibility. Alternatively, parts of Europe might also work. I’m a third generation American which means there are a couple of countries that might allow me dual citizenship.
I’ve lived in Canada and it’s beautiful there, but if you are someplace urban it’s outrageously expensive. The rural areas aren’t too bad though and the exchange rate is generally in your favor if your money is coming from the US. I have landed immigrancy status there because I was married to a Canadian.
November 2, 2018 at 10:15 pm #2904
Its something my husband and I have considered. We’re a bit away from retiring but friends of ours retired to Belize about five years ago and invited us to go along when we retire. We have another friend that is retiring to the Philippines in the next couple of years. Considering we went through nearly all of our assets during the crisis (we both got laid off) and are still trying to build our retirement back up, a place where our money will go farther is looking really good to us. We haven’t really decided where but we’ve been talking about it a lot lately with our soon to be empty nest looming on the horizon.
We’ve looked into Belize because English is the official language there and we’d be able to take more of what we’d like to keep with us verses going overseas. We’re considering Thailand, Malta, Costa Rica, and my husband has family in Scotland so that is on the table, too. Lately we’ve been crossing some places off our consideration list for obvious reasons. When we get a lot closer to retirement time, we’ll certainly be looking at a lot of factors even finding a cheaper place to live here in the US. Who knows what the state of things will be in 5, 10, 15 years.
November 3, 2018 at 7:44 am #2914
Siberia ………as any economic effects , really won’t be noticed all that much lol . On a more serious note tho , every country is so very different on what makes one person more desirable to them , over another . If your jewish , its much easier to get into Israel , as its one of their big things , to provide a homeland for jews to live like jews . If you can prove blood relation ( not sure about the degree ) to a clan , its a lot easier to get into Scotland . On my moms side , she can prove strong Scottish ties , and we actually have a family ( clan ) residence that she has visited , to stay if she wished . I myself will decline any idea of this , and stay in my own country , come what may . I like my 2nd amendment .
November 3, 2018 at 3:13 pm #2924
@tolik. Sadly, I’m afraid you’re very much misinformed. Simply because your mother has an affinity to a Scottish clan it does not give her or you leave to enter or stay in the United Kingdom, of which Scotland is a part, you still have to satisfy and abide by the rules of immigration.
November 3, 2018 at 3:28 pm #2926
To the OP. I gave emigration a lot of thought when I was younger and almost did it. But life got in the way and now I’m older, the pro’s of staying in Great Britain far outweigh the cons. Despite what you read, the National Health Service alone is worth staying for especially as I age and fall apart.😊
My state pension, if I were to emigrate would be frozen, so year on year if I lived abroad I would have to live on less and less each year.
I know the law of the land.
On the whole, our standard and cost of living is good.
There may be things wrong with this country, but they pale into insignificance when compared to the problems many countries face.
The thing is, where it is cheap to live it is also less stable both economically, politically and safety and infrastructure is more fragile. These reasons for me are the deal breakers to moving to a cheaper country.
Finally, I am a patriot and a royalist and the only way to change a country is to stay and fight for it.
November 3, 2018 at 4:17 pm #2933
Good point ! so another question one has to ask themselves , is ” what am I willing to do without ? ” We are pretty pampered in the US , other places may , or may not have the same things we are used to everyday .
May 13, 2019 at 7:49 am #19213
Don’t go to Costa Rica. .. dangerous shit hole with severly unstable politics. The bill paying has to be done in person they have people who wait in line as a job. I lived there for 5 years. Lots more drug and gu problems is why I left plus there is a huge criminal element from other countries, chief among paedipiles, scam artist and mafia. Vacation yes live no way. Medical system there is really good. If you go as a couple most likely you will lose your husband to a local girl. There are way more women to men 7 to 1 they are mainly 7 to 9 on the pretty scale.
Vietnam is a place I would consider just not in a big city as they are polluted hell holes with high crime. The rural is nice but it is communist, your opinon can get you expelled from country so if you go shut it on complaints. Like well in usa this is so much better, you should not put up with ____ government bs. Driving is CRAZY third
There are some islands in Philippinesthat are nice but you are near krackatoa near zero warning for tsunamis and volcanic action. You will need to speak tag along.
Ironically one of the best places is Colombia and it is because of the drug money. Places near cartagena are beautiful and fairly safe because of tourism and government troops plus big hotels are drug lord owned.land of plastic surgery. First choice
Argentina is nice and stable but with influx of venezualans it may have changed some. Mendoza is place to live if you like wine, beef and skiing. Right on the lake is a breath taking view. My second choice.
Getting an other passport and banking set up far away from usa swift system is a must as a just in case plan b is required.
I would also subscribe to sovereignman.com from Simon black it gives you basic outline for tax and living expense. He loves Chile and puerto Rico.
Having a bolt hole is good just in case. I am looking at Hungary as a possibility as thier president vitoria orban has in my opinon is heading down right track.
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